NEED ANSWERS TO RED BOXES + CALCULATIONS

THE CURRENT ANSWERS IN RED ARE WRONG.

Exercise 23-12 Your answer is partially correct. Try again. Condensed financial data of Pat Metheny Company for 2014 and 2013 are presented below. PAT METHENY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2014 AND 2013 2014 2013 Cash $1,796 $1,100 1,753 1,303 Receivables 1,588 1,913 Inventory 1,701 Plant assets 1,896 Accumulated depreciation (1,205) (1,166) 1,296 1,471 Long-term investments (held-to-maturity) $7,124 $6,322 $1,200 Accounts payable $787 Accrued liabilities 217 235 1,416 1,634 Bonds payable 1,701 Capital stock 1,895 2,396 1,965 Retained earnings $7,124 $6,322